Law of insurance

CPA-Business-Law-Section-1 BLOCK RELEASE

NATURE OF THE CONTRACT Insurance is an important part of modern life. Individuals and businesses take out insurance to protect themselves from loss that may occur due to damage to property or loss of life. What is insurance? This is Read More …

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Laws of partnerships

CPA-Business-Law-Section-1 BLOCK RELEASE

Introduction Partnership is the relation which subsists between persons carrying on a business in common with a view of profit. Characteristics of partnership 1. Membership-The logical minimum number in partnership is 2 with a maximum of 20. 2. It is Read More …

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Law of ageny

CPA-Business-Law-Section-1 BLOCK RELEASE

Meaning “An agent is a person employed to do any act for another or to represent another in dealings with third persons. The person for whom such is done, or who is represented, is called the principal”. The contract which Read More …

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Sale of goods

CPA-Business-Law-Section-1 BLOCK RELEASE

Introduction Businesses and consumers are usually free to contract on whatever terms they see fit. However, contracts involving sales of goods can be subject to a range of statutory provisions. It is important to distinguish between sale of goods and Read More …

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